The noose gets tighter !!!!!

kommando said:
Very early on the Spondon guy noted that Garner equated turnover with profit, ie a customer spent £1 then he had £1 profit and ignored expenses, typical of sales only focused people. If he really thought that way then there was never a snowball's chance in hell he could even run a proper profitable business. He was and still is a confidence trickster with a Walter Mitty complex.
Click to expand...
Truth be told, he couldn't run a market stall. . . .
 
kommando said:
Very early on the Spondon guy noted that Garner equated turnover with profit, ie a customer spent £1 then he had £1 profit and ignored expenses, typical of sales only focused people. If he really thought that way then there was never a snowball's chance in hell he could even run a proper profitable business. He was and still is a confidence trickster with a Walter Mitty complex.
Click to expand...
I used to work for a guy who was exactly like that. He was otherwise a very intelligent person. But that one ‘affliction’ screwed him. And he could not be helped out of it. It sent him under eventually and, like Garner, he left a lot of innocent people severely out of pocket.

To this day he’ll argue with anyone who’ll listen about how he did nothing wrong, it wasn’t his fault, blah, blah.

I‘m pretty sure Garners argument would be exactly the same...
 
Sooooo if the business had been run on a legitimate, legal and ethical basis would the 961 ever have come to fruition? Are us owners the lucky beneficiaries of his sins?

And yes I do enjoy prodding hornets' nests with a stick.
 
The company was fraudulent from the very start. Every bike produced was sold at a loss with the loss notionally being made up from the funds stolen from various sources. Some bikes more than others but ultimately all in some way.

None of that liability/fraud could be transferred to a customer, they bought the 961 in good faith.

So everytime you look at your bike just spare a thought for the defrauded even if the way it got into your garage was not what you thought it as being, ie you considered it a simple purchase of a bike from a viable company.

And may Garner rot in Hell !!!
 
SG is a businessman(?). He will resurface at some stage with his next (crooked) money making scheme. Hopefully a little karma will eventually come his way.
 
Well, in fairness he IS an expert in insolvency

He just not an expert in preventing it!

Maybe his offering here is an advice service to business owners in how to navigate insolvency whilst screwing everyone concerned in order to maximise their own gain?

Seriously...
 
kommando said:
So everytime you look at your bike just spare a thought for the defrauded...
Click to expand...
Nope, ain't gonna happen, bought and paid for all legit.... but every time I ride one of my bikes I do think about my riding buddies that never made it this far and wish I could share one more ride.
 
Should it be mentioned, some people are of the thinking if it is possible it is not wrong. (within the law even by exploitation or loophole)

There are other people who see a locked door with windows each side as secured, others might see the windows as a entry loophole.

What is worse than a thief, someone who gains and see's no lawful wrongdoing. (Perhaps interpretation of the law is 9/10's of the law)

We will soon see.
 
Have to agree with Mx. What SG did was unconscionable and probably illegal but it’s a bit simplistic to draw a straight line between pensioners loosing their funds and the purchase of Norton bikes through a legitimate dealer network. Way too many machinations. My opinion only.
 
Last edited:
Stephen_Spencer said:
Have to agree with Mx. What SG did was unconscionable and probably illegal but it’s a bit simplistic to draw a straight line between pensioners loosing their funds and the purchase of Norton bikes through a legitimate dealer network. Way too many machinations. My opinion only.
Click to expand...
Where does it end or indeed start.
Everything we buy will have a consequence somewhere.
China,Brazil the poor people get it in the neck.
Try not buying Chinese it’s impossible.
But the British government is trying to change Chinese companies.
Look up E.S.G.
Update on 961. Still in garage -2 outside and not going anywhere..bugger!
 
Look back to the early Industrial Revolution. Satanic mills. To a contemporary person unspeakable conditions. To a person of the time a better gig than farm labour. Regular and predictable income, however small, was more attractive than nature's whims.
So that is the story of third world labour today.
 
Welshrugby said:
I did see this the other day and thought, this must be his new business, Stu Garner no less, expert in insolvencies. Checking him out on my credit check system revealed many companies crashed and burned.

Click to expand...
I think (hope) it's' not the same person. Stu Garner BSc (Hons) FCCA FABRP seems to have a different background according to Linkedin, and the inserted photo doesn't look like him.
 
You must log in or register to reply here.
Back
Top